SOURCE: Inform Worldwide Holdings, Inc.

August 29, 2005 14:39 ET

Inform Worldwide Holdings Provides Shareholder Update

LAS VEGAS, NV -- (MARKET WIRE) -- August 29, 2005 -- The Board of Directors of Inform Worldwide Holdings, Inc. (OTC BB: IWWI) (formerly "IWWD") announced today that it has approved the re-capitalization of the Company's current capitalization structure. Effective August 29, 2005, the Company will have completed the reverse equity split of 1500-1 and will no longer trade under the symbol "IWWD." The new symbol will be OTC BB: IWWI. Further, the Board has elected to file Form N-54 under sections 55-65 of the Investment Company Act of 1940. It is the Board's intent to complete this election within the 3rd quarter of 2005, pending the required regulatory approval. Management of Inform is confident that by amending its registration statement and functioning as a Business Development Company, Inform will be able to more easily pursue additional investment opportunities which management has currently identified. Acting as a holding company, Inform may rapidly raise capital for investments in growth opportunities, start-ups and turnaround ventures. Capital typically is not readily available to traditional public companies because of the lengthy and costly registration process. Management currently is in negotiation with outside investment and merchant banks and business advisors to prepare and clearly define the investment strategies and financing required for Inform to complete the intended transition to a Business Development Company.

New Management has identified several publicly and privately held companies that are under due diligence consideration for debt, equity investment or a combination thereof. Upon completion of the company's qualification as a Business Development Company, management plans to announce various investment initiatives.

"It is our goal to invest in companies that are poised for explosive growth in the technology, real estate and financial services sectors. Understanding the risks associated with investing in thinly traded, micro-cap stocks has always been a challenge. It is our belief that if you infuse capital and management, that will mitigate the risks normally associated with making such investments. Our focus is to make three investments within the 3rd quarter and ultimately focus on dividend distributions to our shareholders no later than quarter one, 2006," stated Ash Mascarenhas, Interim CEO of Inform Worldwide Holdings, Inc.

Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Company with the Securities and Exchange Commission.

Contact Information

  • CONTACT:
    Loyola Financial Shareholder Services
    Jay Myers
    800-963-6531